Zoocasa completed a study called “The Income Group You Need to be In to Buy a House or Condo in Canada”.  The study analyzed how much income prospective buyers would need to afford the benchmark home in their city, calculated the minimum income required to qualify for a mortgage, in 13 census metropolitan areas (CMAs) across Canada, assuming a 20% down payment, 3.75% mortgage rate, and 30-year amortization.

Source: www.zoocasa.com 
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